QUAD / GRAPHICS INC

Ticker: QUAD CUSIP: 747301109 Class: COM CL A

NEW YORK STATE TEACHERS RETIREMENT SYSTEM's Holding History (CIK: 0000314969)

Note: Option positions (PUT/CALL) are excluded.

Q3 2017

Shares 2,600 Value ($000) $59 Avg Close $20.68 Range $18.16 - $23.61

Q2 2017

Shares 2,600 Value ($000) $60 Avg Close $23.80 Range $21.54 - $29.04

Q1 2017

Shares 2,500 Value ($000) $63 Avg Close $25.63 Range $21.33 - $28.40

Q4 2016

Shares 2,600 Value ($000) $70 Avg Close $25.88 Range $22.76 - $28.64

Q3 2016

Shares 2,500 Value ($000) $67 Avg Close $26.53 Range $22.63 - $29.50

Q3 2015

Shares 2,400 Value ($000) $29 Avg Close $15.17 Range $12.00 - $18.72

Q2 2015

Shares 2,400 Value ($000) $44 Avg Close $21.06 Range $18.39 - $23.39

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	2,600	$59	$20.68	$18.16 - $23.61
Q2 2017	2,600	$60	$23.80	$21.54 - $29.04
Q1 2017	2,500	$63	$25.63	$21.33 - $28.40
Q4 2016	2,600	$70	$25.88	$22.76 - $28.64
Q3 2016	2,500	$67	$26.53	$22.63 - $29.50
Q3 2015	2,400	$29	$15.17	$12.00 - $18.72
Q2 2015	2,400	$44	$21.06	$18.39 - $23.39